The Swatch Group’s success in the final quarter 2017 continued this year: In the first half of 2018, the turnover of the watch concern increased by 15 percent to CHF 4.27 billion and the net profit by two thirds to CHF 468 million.
CEO Nick Hayek expected that the success of the watch company will continue.
The highest growth rates have been achieved in Asian markets such as Hong Kong, Thailand, China, Korea and Japan, but business was also thriving in North America and Switzerland. In the rest of Europe, growth rates were very different and dependent on the individual regions.
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